Customs and UN forge tie up for digital trade facilitation

THE Customs bureau has tapped a United Nations (UN) body in improving its digital trade facilitation measures by exploring the implementation of an electronic trade data exchange system.

In a news statement, the Bureau of Customs (BOC) said it is now collaborating with the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) for a feasibility study on the electronic exchange of traderelated data and documents in the Philippines.

The BOC said the collaboration falls under the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific or CPTA, which aims to “expedite” the implementation of digital facilitation measures for trade and development by various countries, including the Philippines.

The BOC explained that BOC National Trade Facilitation Champions met with UNESCAP for a consultative session where the former shared their inputs and experience related to the proposed electronic exchange system.

“The study delves into a comprehensive analysis of the technological capabilities, legal frameworks, and operational requirements necessary for the implementation of electronic trade data exchange,” the BOC said.

“Furthermore, it aims to identify potential challenges and risks and develop effective strategies to mitigate them,” it added.

Customs Commissioner Bienvenido Rubio reiterated the bureau’s commitment to facilitating trade and ensuring “efficient” and “effective” movement of goods across borders.

“We believe that the implementation of paperless trade will not only help us achieve these objectives but also enhance transparency and reduce expenses,” Rubio said.